麻豆影视

World

    • Analysis: Liz Truss is in big trouble after her biggest U-turn yet

    Share

    Liz Truss has sacrificed her finance minister and closest political ally just weeks into her premiership in order to save her own skin.

    On Friday morning, Britain's Chancellor of the Exchequer, Kwasi Kwarteng, was summoned a day early back to London from the United States straight to Downing Street,

    The move came three weeks after Kwarteng announced a controversial mini-budget full of unfunded tax-cutting measures that . At one point, the pound sank to its lowest level against the dollar in decades.

    Markets have settled somewhat since, though only after major intervention from the Bank of England, leaked rumors that the mini-budget would be abandoned and reports that Kwarteng would be sacked.

    Kwarteng being gone, however, does not mean that Truss is out of the woods. The low-tax, free-market policies that Kwarteng announced were the exact ticket on which Truss ran to be prime minister.

    The pair had written about their shared view of a low-tax, high-growth Britain in a book authored by a group of Conservatives as far back as 2012. Kwarteng and Truss were in lockstep in their vision for Britain; removing him from office is a tacit acceptance that her economic plan has failed.

    "The problem with their budget was never the numbers, it was much more about the credibility of the plan," a former Conservative cabinet minister told CNN shortly after Truss sacked Kwarteng.

    "You can reverse numbers and scrap policy. You can't reverse credibility. She has removed her lightning rod, but now the lighting is going to hit her."

    Truss ended a notably brief news conference at Downing Street on Friday afternoon in which she defended her economic vision, but declined to apologize to her party or the public over the turmoil unleashed by the mini-budget.

    "We recognize because of current market issues we have to deliver the mission in a different way," Truss said. "And that's what we are absolutely committed to do."

    Asked whether she would say sorry to her party's lawmakers, some of whom are publicly trashing her economic agenda, she replied: "I am determined to deliver on what I set out when I campaigned to be party leader. We need to have a high-growth economy but we have to recognize that we are facing very difficult issues as a country."

    Truss swiftly replaced Kwarteng with Jeremy Hunt, a former cabinet minister of multiple briefs who has stood for the leadership twice. She described him as "one of the most experienced and widely respected government ministers and parliamentarians."

    Views are mixed on whether the new Chancellor will be a stabilizing influence on either the party or Truss. Some Conservative MPs think that Hunt, who served as health secretary, foreign secretary and culture, media and sport secretary under previous governments, will bring unity to a party that is still recovering from the summer's bruising leadership contest.

    He is respected by both the left and right of the party and has a calm, reassuring and familiar nature that appeals to a certain type of Conservative.

    However, he is also easy for the opposition Labour Party to attack. Hunt-skeptics point out that his record in government is patchy. Whether the accusations are true or not, it would be possible for opposition leaders to say that as health secretary, he failed to adequately prepare Britain's health service for the coronavirus pandemic.

    And as a candidate in the summer's leadership contest following Boris Johnson's tumultuous premiership, Hunt had actually committed to bigger corporate tax cuts than Truss.

    When asked why they thought Truss selected Hunt, despite his obvious flaws, one influential Conservative MP told CNN that it was possible Downing Street looked at her leadership rivals from this summer's contest and realized Hunt was the candidate from the left of the party who secured the fewest vote from MPs. Less of a threat than promoting other contenders who gave Truss more of a run for her money.

    Hunt will now address the nation on October 31, to deliver a fiscal policy to the country that will explain how the government plans to balance the books as it borrows money to help people pay energy bills over the next two years.

    The reversal in tax cuts will, Truss said, provide 拢18 billion. And it's not beyond the realms of possibility that further savings will be made as Kwarteng's budget becomes a distant memory.

    What Conservative MPs are most worried about is that Truss's credibility is blown and her authority gone. She has appointed a chancellor whom she cannot blame for any future hiccups, and now looks seriously weak in the face of a reenergized opposition Labour party, which is surging ahead in the opinion polls.

    So what comes next? The next general election doesn't constitutionally need to take place until January 2025, though no one is suggesting Truss will survive anywhere near that long. Yet getting rid of the party's fourth leader in just over six years in the short-term would be difficult, even if things continue to go south.

    Under party rules, Truss is protected from a leadership challenge for the first year of her premiership. It is possible that her MPs could rewrite the rules, but even if they manage to, there is no certainty that replacing her would turn the polls around.

    One Conservative lawmaker even suggested that a good outcome would be removing Truss so a new leader could attempt to turn things around just enough to prevent the opposition from a landslide in the next election.

    Some of her lawmakers fear that crowning another leader without consulting the public -- just months after replacing Boris Johnson in a similar fashion -- could make the party look even worse in the eyes of the public.

    All of which means that for now, Truss and her party are stuck. And unable to make major reforms, without key allies and reaching across the party for the sake of unity, Truss's government runs the risk of looking like a caretaker government that is simply waiting for someone else to take over.

    CTVNews.ca Top Stories

    Two nephews of the beloved Harry R. Hamilton share stories about his life and legacy.

    The union representing some 1,200 dockworkers at the Port of Montreal has overwhelmingly rejected a deal with their employers association.

    Canada

    • Two nephews of the beloved Harry R. Hamilton share stories about his life and legacy.

    • The union representing some 1,200 dockworkers at the Port of Montreal has overwhelmingly rejected a deal with their employers association.

    • A man who was critically injured in a police-involved shooting in Hamilton late Sunday afternoon has died in hospital, says the province鈥檚 police watchdog.

    World

    Politics

    • Murray Sinclair鈥檚 family members say the late justice and senator has been laid to rest according to his wishes.

    • Prime Minister Justin Trudeau announced voters in Cloverdale鈥擫angley City will pick their next member of Parliament on Dec. 16.

    Health

    Sci-Tech

    Entertainment

    Business

    Lifestyle

    Sports

    Autos

    Local Spotlight

    For the second year in a row, the 鈥楪ift-a-Family鈥 campaign is hoping to make the holidays happier for children and families in need throughout Barrie.

    Some of the most prolific photographers behind CTV Skywatch Pics of the Day use the medium for fun, therapy, and connection.

    A young family from Codroy Valley, N.L., is happy to be on land and resting with their newborn daughter, Miley, after an overwhelming, yet exciting experience at sea.

    As Connor Nijsse prepared to remove some old drywall during his garage renovation, he feared the worst.

    A group of women in Chester, N.S., has been busy on the weekends making quilts 鈥 not for themselves, but for those in need.

    A Vancouver artist whose streetside singing led to a chance encounter with one of the world's biggest musicians is encouraging aspiring performers to try their hand at busking.

    Ten-thousand hand-knit poppies were taken from the Sanctuary Arts Centre and displayed on the fence surrounding the Dartmouth Cenotaph on Monday.

    A Vancouver man is saying goodbye to his nine-to-five and embarking on a road trip from the Canadian Arctic to Antarctica.

    • Weather watchers were treated to an exceptionally rare display on Friday evening as rare cloud formations filled Vancouver skies.

    • For some shoppers it was Nov. 1, but for others the first hints of Christmas - saccharine treats, festive-fragranced candles and gaudily wrapped gift sets - were being noticed in stores long before the final Halloween decor had been cleared.

    • Thousands of people are expected to gather in downtown Vancouver on Monday to observe the city鈥檚 100th Remembrance Day ceremony.

    • Toronto is expected to see an economic boost to the tune of nearly $300 million thanks to Taylor Swift鈥檚 upcoming Eras Tour, which will be making a stop in Canada鈥檚 largest city for a six-show run later this month.

    • One man was transported to hospital early Monday morning after a stabbing in the northwest end of the city, Toronto police say.

    • Calgarians will be observing Remembrance Day at a number of different ceremonies across the city, including at the Hangar Flight Museum.

    • A home in the northeast Calgary community of Saddle Ridge was damaged in a fire on Sunday.

    • WEATHER

      WEATHER

      Conditions were warm early Monday and expected to remain that way for most of the day.

    • WATCH LIVE

      WATCH LIVE

      CTVNewsOttawa.ca looks at Remembrance Day ceremonies in Ottawa.

    • After months of controversy surrounding a dog park in Ottawa's west end, a solution has been reached to divide the park in half.

    • With fewer interments and rising maintenance fees, the money for Canada's largest military cemetery will run out in three to four years.

    • The employers association at the Port of Montreal locked out nearly 1,200 longshore workers, bringing a halt to traffic at the port.

    • Though most businesses are expected to be open on Remembrance Day, there are some establishments that will be closed to commemorate the holiday.

    • LIVE @ 10:45 A.M. MT

      LIVE @ 10:45 A.M. MT

      Monday is Remembrance Day, a time to honour armed forces members who have died in the line of duty.

    • WEATHER

      WEATHER

      This is shaping up to be one of the warmest Remembrance Days in the past decade, at least, for temperatures.

    • Maritimers will stop Monday to remember those who have served, and continue to serve, in Canada's armed forces for Remembrance Day.

    • A Cape Breton senior recalls her life in German-occupied France, and her mother鈥檚 death, during the Second World War.

    • Thousand of people gathered at the Menin Gate in the Ypres, Belgium for Monday鈥檚 Remembrance Day Ceremony.

    • Remembrance Day is today, and a number of ceremonies are taking place around the province to honour those who gave their lives to serve our country.

    • A pillar in Canada鈥檚 history was honoured in Winnipeg Sunday afternoon, with thousands showing up to pay tribute to the life and legacy of the late Murray Sinclair.

    • Winnipeg police have identified two men involved in a stabbing incident earlier this week.

    • There will be two ceremonies taking place in Regina for Remembrance Day, hosted by the Royal Canadian Legion.

    • Regina author Valerie Crowther is celebrating the release of her book 鈥榃ar Letters: Linking Lives in the Second World War.鈥

    • It was a somber day at Mosaic Stadium as members of the Saskatchewan Roughriders officially cleaned out their stalls and closed the book on the 2024 season.

    • A team of tornado experts is heading to Fergus, Ont. after a storm ripped through the area Sunday night.

    • People across Canada will pause to reflect Monday at Remembrance Day Ceremonies across the country.

    • Saskatchewan RCMP are searching for a suspect after a man was seriously injured in a farm-related incident in Montreal Lake.

    • It was a somber day at Mosaic Stadium as members of the Saskatchewan Roughriders officially cleaned out their stalls and closed the book on the 2024 season.

    • The Regina Rams claimed the Hardy Cup after a hard fought battle against the Saskatoon Huskies 19-14 on Saturday in the first all Saskatchewan U-Sports western conference final since 2002.

    • WATCH LIVE

      WATCH LIVE

      The events will start at 10:15 a.m. with a parade that forms up in front of the Delta London Armories, marches east on Dundas Street and turns north onto Waterloo Street to Dufferin Avenue, the west to the Cenotaph.

    • Emergency crews responded to the scene on Road 68/Highway 2 east of Thamesford around 7 p.m.

    • On Friday, the Sarnia Police Service (SPS) received a report of an alleged abduction in the area of Kathleen Avenue and Walnut Avenue.

    • Watch Live

      Watch Live

      Barrie residents will gather on Monday to honour Canada鈥檚 veterans and pay tribute to those who served and sacrificed for the country.

    • Environment Canada issued a weather alert for Barrie, Collingwood and surrounding areas, alerting residents about the wicked winds that are expected to pick up to 80 kilometres per hour in the afternoon hours.

    • A driver is facing multiple charges after a multi-vehicle collision on Highway 400 early Sunday morning.

    • WATCH LIVE

      WATCH LIVE

      Representatives of the Windsor Veterans Memorial Services Committee, military representatives, wreath bearers, government officials, and members of the public will attend the Cenotaph at City Hall Square for the outdoor service.

    • One person has been arrested after Chatham-Kent Police Service (CKPS) received multiple complaints about an alleged drunk driver.

    • More details have been released about a police investigation at the Ambassador Bridge that connects Windsor, Ont. and Detroit, MI.

    • Environment Canada says heavy rain and winds could cause power outages on Vancouver Island as an "intense" storm system is set to hit the B.C. coast Sunday.

    • Six deer were struck by vehicles in six different locations in a six-hour period on B.C. highways on Saturday, according to the transportation ministry.

    • The union for locked-out port workers in British Columbia says the BC Maritime Employers Association cut off talks in less than an hour Saturday, refusing to budge on a final offer that the union has so far rejected.

    • The emergency department at South Okanagan General Hospital in Oliver, B.C., will be closed for 31 hours this weekend, the second such closure in a week and the third since the start of November.

    • Police in Kamloops, B.C., are reminding parents and guardians to check their children's Halloween candy after receiving a report of a mother finding a razor blade in one of her daughter's treats.

    • More than two years after Alannah Brown and Douglas Barker were found dead north of Penticton, police are asking for help identifying a vehicle they believe was associated with the crime.

    • The Southern Alberta Recreation Association is officially announcing the Town of Taber as next year鈥檚 host for the Southern Alberta Summer Games.

    • The Lethbridge Hurricanes broke open a close game with three goals in the first two minutes of the third period as they defeated the Warriors 7-3 in a game played Friday night in Moose Jaw.

    • There might not a lot snow just yet, but many southern Albertans are still itching to get outdoors.

    • It was just days before the COVID-19 pandemic shut the world down when the Shaft Bottom Boys of Sudbury broke a world record for 'Deepest Concert Underground.' Now, more than four years later, a Timmins band is looking to take the title.

    • Police have arrested a 15-year-old in connection with a break-in and $50,000 in damage done to the Centennial Arena in Elliot Lake in September.

    • Mayors of the five largest cities in northern Ontario met in North Bay the last two days to discuss a range of critical issues impacting their cities and the region.

    N.L.

    Shopping Trends

    The Shopping Trends team is independent of the journalists at 麻豆影视. We may earn a commission when you use our links to shop.聽Read about us.

    Stay Connected
    Follow 麻豆影视